Mansion
Beach House
Posted on 05/16/2024 8:52:45 AM PDT by algore
President Joe Biden and first lady Jill Biden are carrying a personal debt of up to $815,000, their financial records show, and no one is buying the president's books.
Most of the couple's debt is the mortgage on their Delaware home and an equity loan on that home.
In total, the Bidens reported assets between roughly $1 million and $2.6 million and liabilities between roughly $350,000 and $850,000, according to an Office of Government Ethics form that lists ranges rather than precise figures.
The Bidens' financial records, along with those of Vice President Kamala Harris and her husband Doug Emhoff, are required to be made public annually under the Ethics in Government Act
In his form, President Biden reveals he has had no royalties from his two books: 'Promises to Keep' and 'Promise Me, Dad' this year.
Jill Biden reported no royalties for her memoir 'Where the Light Enters' but did note she received royalties of up to $1,000 for her two children's books: 'Don't Forget: God Bless Our Troops' and 'JOEY: The Story of Joe Biden.'
Biden's liabilities include a mortgage on his personal home carrying a balance between $250,001 and $500,000. The interest rate for the mortgage, which Biden incurred from TD Bank in 2013, is 3.375%.
The president took out a home-equity loan in 2022 with a variable interest rate and a 10-year term, which rose to $100,000 to $250,000 from $15,001 to $50,000.
The president also reported having less cash in the bank than he did in the past year.
One of his bank accounts showed a cash total of $50,000 to $100,000 from $250,000 to $500,000 last year. Another account showed $50,000 to $100,000 in cash, a drop from $100,000 to $250,000 a year earlier.
(Excerpt) Read more at dailymail.co.uk ...
BTTT
Was his book written in crayon? With mean drawings of Trump?
The Biden s aren’t going to get wealthy after their term in the white house. Unlike the Obama’s and Clintons, they don’t have the charm.
It’s all spread out among trusts and family members. They aren’t stupid. He’s too old and crooked to have that much at risk by having it all in his name.
Funny, but I have been a working stiff all my life, and my net worth is comparable to what he reports, maybe more, because of the wide range of viability in his reports. Of course, I do not have a government annuity of $450,000 a year for life, like he does.
In fact, we already know he likely didn’t properly declare the so-called “loans” to his brother for which those fat checks were written with the memo “loan repayment”. IRS code requires lenders to charge interest on loans and to have a written loan document declaring interest rate and repayment terms, etc. The interest has to be at a certain minimum depending on whether it’s a short term or long term loan etc - the IRS publishes a quarterly interest rate sheet telling people the miminum rate depending on the term and it is based on the short, medium and long term Treasuries. Doesn’t matter if it’s family. Above a certain amount it’s a requirement to declare it on your return. Even if you don’t get paid the interest, you have to declare the interest as income.
So let’s see Biden’s tax returns. When did he make the loans? How much interest did he charge. How much did he declare on those tax returns?
.
Biden has lied about his Net Worth for 45 years in DC.
It’s pretty cleae that he has an arrangement. He shows little income other than what he cannot hide like his salary and book sales and speaking fees. Its a front, like a drug dealer who runs a car wash. He got “loan repayments” from his brother, he rented a room in his house that his son didn’t even use, etc. His son even texted he has to give 50% of his income to “pop”. Lots of money flowed but his name probably isn’t on the checks or bank accounts.
As VP and POTUS, and maybe as Senator, he could travel internationally under diplomatic immunity. He could theoretically bring a suitcase of cash to Switzerland without being inspected or detained but he wouldn’t do that. He’d get a diplomatic passport for his bagman.
what, no huge union or school buys??? odd that...
No he doesn’t. They are like studend loans, somebody else will pay them. Assets? Just a damn lie or it proves just how stupid he is to have so little after a lifetime in politics with a license to steal.
That $815,000 is probably solely the result of FJB not paying for things that he is supposed to pay for while in the white house - like Hunter’s expenses for room and board, ice cream, pudding cups, cases of depends, dino chicken nuggets and mac & cheese for the big guy, etc.
80 years old and still has a mortgage.
80 years old, and he’s never had a real job.
CIC over the military isn’t the same as being a member of the military. I’m not saying that YOU don’t know this fact — I’m just emphasizing it. In a perfect world the CIC and actual regular military rules might be more in line than is true now - in this imperfect world.
Oh geeze
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